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1.3

Well we bought our house through a lender in 2017 then it was sold to pennymac . Last year the we recieved a small reimbursement check for escrow overage around 200 dollars.

Well this year we recieved letter/ bill for a escrow shortage/reserve for around 1700 dollars and our mortgage payment will increase 70 dollars a month on top of it all. So like normal people we wondered how did this happen since they calculate all of this and give you your monthly rate. So we called our county tax collector and was told that our taxes only went up 20 dollars for the year, so we called our insurance only went up 218 dollars for the year. Hmm something isnt adding up so after a brief and unenlightened conversation with a rude customer service rep that kept saying the same thing the letter/bill told us.

So we have figured out NOTHING but we still owe 1700 and a extra 70 a month and still clueless on how we owe that much when they calculate the escrow when you get your monthly rate.

So what I have gathered from friends and family is they miscalculated and we are being charged for it. So the picture in the bottoms shows the 2 options we pay in full and bill still goes to 808 a month which is 70 higher a month and if we dont pay the shortage it will be added to our monthly payment at a massive 200 dollar increase, feeling a little bit screwed over right now.

Reason of review: Pricing issue.

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